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Rupee rises to 2-month high of 60.92 Vs dollar

The rupee rose by 13 paise to 61.10 in early trade at the Interbank Foreign Exchange market on Friday on increased selling of the US currency by exporters and banks.

Mumbai: The rupee extended its gains to the highest in more than two months on Friday, breaching the psychological 61 per dollar mark, as broad losses in the greenback versus major currencies and gains in the domestic share markets aided.

The partially convertible rupee was at 60.94/95 per dollar at 1008 IST (0438 GMT), after hitting 60.92, its strongest since August 18 and higher than its close of 61.23/24 on Thursday.

The index of the dollar against six major currencies was up 0.1 percent, while BSE Sensex was up 1.2 percent.

From Zee News

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